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AgEagle Aerial Systems, Inc. (symbol: UAVS), based in Kansas, is a renowned provider of cutting-edge unmanned aerial vehicle (UAV) data acquisition drones designed for precision agriculture. As a leading FAA 333 exempt entity, AgEagle’s technology significantly enhances the way farmers monitor and manage crop health.
AgEagle’s drones are engineered to swiftly capture and stitch multi-spectral images of crop fields, enabling growers to identify stress factors such as disease, pests, and improper irrigation days before they become visible to the naked eye. This early detection allows farmers to efficiently utilize their equipment, reduce input costs, increase crop yields, and mitigate environmental impact.
The company is actively involved in designing and delivering top-tier drones, sensors, and software solutions that address critical issues for its customers. AgEagle operates through three primary segments: Drones, Sensors, and Software-as-a-Service (SaaS). The majority of its revenue comes from the commercial sale of drones and related products.
AgEagle's technology is not only instrumental in agriculture but is also expanding into other sectors. The company's recent achievements and ongoing projects reflect its commitment to innovation and customer satisfaction. As they continue to develop sophisticated UAV systems, AgEagle aims to maintain its leadership in the industry and expand its market reach.
For the latest updates and detailed information about AgEagle Aerial Systems, Inc., shareholders and interested parties can contact Investor Relations at UAVS@ageagle.com or Media Relations at media@ageagle.com.
AgEagle Aerial Systems announced a reverse stock split at a ratio of 1-for-50, effective October 14, 2024. The stock will trade on a split-adjusted basis starting October 15, 2024, under the ticker UAVS and a new CUSIP number. This action reduces the outstanding shares from 39,720,458 to approximately 850,409, aiming to meet NYSE American's per share price requirements. Shareholders will not need to take any action for the adjustment, and fractional shares will be rounded up. The reverse split was authorized by the Board of Directors, leveraging Nevada state laws that allow such changes without shareholder approval. The company's transfer agent, Equiniti Trust Company, will manage the exchange process for stockholders with physical certificates.
AgEagle Aerial Systems Inc. (NYSE: UAVS) has been selected to participate in the REPMUS 2024 Exercise co-hosted by NATO in Troia, Portugal from September 9-27, 2024. REPMUS, led by the Portuguese Navy, focuses on maritime unmanned system capability development. The exercise aims to conduct large-scale operational experimentation, integrating the latest commercial off-the-shelf systems for trials.
AgEagle's CEO, Bill Irby, highlighted the rigorous selection process and the importance of this opportunity for increased visibility among NATO decision-makers. The company's eBee VISION demonstrated enhanced integration with COTS systems and validated its ability to perform in sustained combat conditions. AgEagle conducted 19 flights over 14 days, connecting with a mesh network and two programs of record: ATAK and NATO COP software.
This selection was achieved in collaboration with AgEagle's UK partner, Brigantes Consulting The company aims to expand its global footprint in both government and commercial verticals, positioning itself for long-term shareholder value.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has announced the closing of a $6.5 million public offering. The offering consisted of 26,899,996 Units, each priced at $0.24 and including one share of common stock or one Pre-Funded Warrant, along with Series A and Series B warrants. The company plans to use the proceeds for repaying an outstanding note and general corporate purposes.
The offering included immediately exercisable Pre-Funded Warrants, Series A Warrants with an initial exercise price of $0.24 per share, and Series B Warrants with an initial exercise price of $0.50 per share. Both Series A and B Warrants expire five years from the closing date. Spartan Capital Securities, acted as the sole placement agent for the offering.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has announced the pricing of a $6.5 million public offering. The offering consists of 26,900,000 Units, each priced at $0.24 and including one share of common stock or one Pre-Funded Warrant, plus Series A and B warrants. The company plans to use the proceeds for repaying an outstanding note and general corporate purposes. Spartan Capital Securities, is acting as the sole placement agent. The offering is expected to close around October 1, 2024, subject to customary conditions. AgEagle, founded in 2010, is a provider of drone solutions for various industries including energy, construction, agriculture, and government sectors.
AgEagle Aerial Systems Inc. (NYSE: UAVS) participated in a collaborative test flight event sponsored by the Defense Innovation Unit (DIU). The event, held at the FAA-designated NY UAS Test Site, evaluated the integration of select Blue Unmanned Aerial System (UAS) platforms with the Collaborative Low-Altitude UAS Integration Effort (CLUE) Uncrewed Traffic Management (UTM) system.
The three-day event involved partners including OUSD-A&S, Air Force Research Lab (AFRL), Auterion GS, AX Enterprize, Skydio, and Somewear Labs. The CLUE system, developed by AFRL, aims to enable safe, secure, and efficient UAS operations within the national airspace system.
AgEagle's CEO, Bill Irby, expressed gratitude for being selected and highlighted the successful integration with various flight operation components, demonstrating the company's capabilities to support Department of Defense missions globally.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has reported strong sensor sales from July 1 to August 15, 2024. The company received purchase orders totaling approximately $800,000 for sensors and related accessories through its Value Added Reseller (VAR) network. Of this amount, about $600,000 worth of products have already been shipped.
The orders include 87 sensors, comprising RedEdge-P, Altum-PT, and RedEdge-P dual sensors, along with various accessories. To date, 67 sensors have been shipped. AgEagle's sensors are now integrated into over 150 different drones worldwide and distributed in more than 70 countries. The company's product line includes the Altum-PT™, RedEdge-P™, and RedEdge-P dual™ sensors, which offer advanced capabilities for remote sensing, agricultural research, and vegetation analysis.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has reported $833,610 in sensor and sensor-related sales from July 1 to August 15, 2024. The company sold 87 sensors, including RedEdge-P, Altum-Pt, and RedEdge-p Dual sensors, along with various accessories through its Value Added Reseller (VAR) network. AgEagle's sensors are now integrated into over 150 different drones worldwide and distributed in more than 70 countries.
The company's product line includes the Altum-Pt Sensor™, an NDAA-compliant 3-in-1 solution for advanced remote sensing and agricultural research, the RedEdge-P Sensor™ for high-resolution multispectral imaging, and the RedEdge-P Dual™ with 10 spectral bands for enhanced data comparison with satellites.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has announced the delivery of the first 20 out of 49 eBee VISION systems to its reseller for French Army surveillance operations. This marks the largest single purchase order in the Company's history, valued at $3.4 million. Each system includes an eBee VISION UAV, ground control systems, communications and antenna package, and a tactical backpack unit.
Bill Irby, AgEagle President, highlighted this as a significant milestone in their defense market growth strategy. The company's rapidly deployable unmanned vehicle products provide high-value intelligence, surveillance, and reconnaissance support to military operations. AgEagle aims to expand its support for allied and U.S. military customers while focusing on building long-term shareholder value.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has completed a training exhibition for key defense and public safety partners in the U.S., including Darley, GeoAcuity, Hexagon US Federal, and Tough Stump Technologies. The training, conducted from May 28-30, focused on certifying participants as trainers for the eBee VISION drone.
The program included classroom instruction and hands-on flight training, covering all advanced capabilities of the eBee VISION, including nighttime flight performance and testing under challenging conditions. CEO Bill Irby emphasized the drone's unmatched performance and its potential to drive new sales in the defense and public safety sectors.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has secured a purchase order to deliver 10 eBee X lightweight mapping drone systems to Brazil's National Department of Transport Infrastructure (DNIT) through distributor Santiago & Cintra. The drones will be used for monitoring highway rights-of-way and supporting construction control and inspection in Brazil's extensive road network, which is the fourth largest globally with over 1.7 million kilometers of infrastructure.
The eBee X drones are approved for Below Visual Line of Sight (BVLOS) operations in Brazil, making them valuable for advanced drone operations and helping define frameworks and legislation. This sale further validates AgEagle's defense and security strategy, providing government customers with critical infrastructure monitoring and aerial intelligence capabilities.
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